Toward a knowledge-based theory of the firm ROBERT M. GRANT ‚ 1996‚ SMJ Presentation of the article The different theories of the firm when applied to the field of strategic management help explain firm performance and the determinants of strategic choice from different perspectives. The knowledge-based view‚ through its focus upon knowledge as the most strategically important firm resource‚ is seen here as an extension of the resource-based view. The issues with which the KBV concerns itself
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David‚ questioned why his father didn’t leave him any money in his will so he could attend college. He wanted to obtain his master’s in business administration (MBA) from Harvard University. He appreciated what his father had left him in his will—one acre of land with a large oak tree on it‚ surrounded by different-colored flowers and blue grass. But how could he use this inheritance to support his wife‚ children‚ and himself‚ coupled with being able to make enough money so he could attend Harvard
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also defined by buyer preferences that are similar across countries. Recently‚ going global becomes a trend. As Crespy (1986) indicated‚ firms should turn themselves into global corporations otherwise they will lose out to the new wave. Therefore‚ not only big sized business‚ even the smallest businesses have already extended their businesses to foreign markets. One of the best examples is Coca Cola which is the champion of “Best Global Brand” in last ten years. Its brand promise of fun‚ freedom‚ spirit
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NBER WORKING PAPER SERIES DO SHAREHOLDERS OF ACQUIRING FIRMS GAIN FROM ACQUISITIONS? Sara B. Moeller Frederik P. Schlingemann René M. Stulz Working Paper 9523 http://www.nber.org/papers/w9523 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 2003 We are grateful to Harry DeAngelo and Ralph Walkling for useful comments. The views expressed herein are those of the author and not necessarily those of the National Bureau of Economic Research. ©2003 by Sara
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offering services at the facility and support the residents who are admitted at the hospital. However‚ the work is increasingly becoming overwhelming for her and she has ended up compromising on the quality of care delivered due to her inability to keep up with this pressure. As a young graduate‚ she needs the opportunity to practice in order to kickstart her career and this is one of the main reasons why she chooses to continue with the role despite the challenges she face. A question however
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Empirical Evidence on Retail Firms’ Equity Valuation Models Anastasia Vardavaki 13 Epidavrou str.‚ Halandri‚ 152 33 Athens‚ Greece E-mail: anastasia_vardavaki@yahoo.gr John Mylonakis 10 Nikiforou str.‚ Glyfada‚ 166 75 Athens‚ Greece E-mail: imylonakis@panafonet.r Abstract This paper presents the theoretical framework for the process of equity valuation and investigates the relative explanatory power of alternative linear equity valuation models when applied to firms in the UK food and drug retail
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American Economic Association The Theory of the Firm as Governance Structure: From Choice to Contract Author(s): Oliver E. Williamson Source: The Journal of Economic Perspectives‚ Vol. 16‚ No. 3 (Summer‚ 2002)‚ pp. 171-195 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/3216956 Accessed: 21-04-2015 06:39 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms
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In a world which innovators are kings‚ interest in internal corporate ventures has grown tremendously. In my literature review‚ I would like to share my insights from reading the book titled “Corporate venturing: creating new businesses within the firm” by Zenas Block and Ian C. MacMillan. In this book‚ the authors shared their views on the importance of corporate venturing especially in this competitive global economy. Also‚ other aspects of venturing like the management‚ organisation and control
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Royal Dutch Shell- (RDS) Answer Guidelines: Q1. Discuss Hofstede’s cultural dimensions and how they impact Royal Dutch Shell in doing business abroad. Define culture: “culture is shared‚ learned values‚ norms of behaviour‚ means of communication and other outward expressions which distinguish one group of people from another”‚ or the collective programming of the human mind Main two theorists in Culture- Hofstede as the main and Trompenaars relational dimensions Dimensions are: Power distance
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of Debt Capital for Private Firms: Evidence from Finland Jukka Karjalainen Department of Business University of Eastern Finland April 10‚ 2010 Abstract The purpose of this paper is to examine the value relevance of the perceived audit quality in terms of who audits‚ as well as the audit outcomes in terms of the auditor’s opinion and accruals quality‚ in the pricing of debt capital for privately-held firms by examining a large sample of privately-held Finnish firms. The findings indicate that
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